The Benefits of a Postnuptial Agreement

October 26th, 2016

Ronald Johnston, an experienced and respected divorce attorney practicing family law in Portland, Hillsboro, and Beaverton, can help protect your marital rights and draft a postnuptial agreement.

post nuptial agreementWhat is a postnuptial agreement?

A postnuptial agreement sometimes referred to as a “postnup” or “post marital agreement,” establishes an enforceable plan for handling property and assets should your marriage end.

Drafting a postnuptial agreement doesn’t necessarily mean the marriage is over. What it does do is tackle the vital issue of property division.

Why enter a postnuptial agreement?

A postnuptial agreement might be a good idea if your career suddenly takes off or if you inherit a large sum of money.

A postnuptial agreement helps protect your assets that may have increased after the commencement of your marriage. Assets such as…

• Business interests
• Employment-based wages
• Equity interests
• Estate payouts
• Inheritance payouts
• Investment dividends
• Life insurance policies
• Retirement funds

Due to Oregon laws, a postnuptial agreement can be challenged in court. That’s why it’s imperative that the agreement adheres to the following guidelines:

• The agreement is in writing
• The agreement is signed by both spouses
• The agreement is notarized
• The agreement was voluntarily made without duress
• The agreement is fair to both parties
• All assets were accurately disclosed

To ensure that your postnuptial agreement is drafted correctly, and withstands challenges in court, contact Ronald Johnston, an experienced divorce attorney in Beaverton.

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